After AMC, Second Largest US Theater Chain To Accept Bitcoin, Dogecoin And More As Payment

Regal Cinema, a subsidiary of U.Okay.-based multiplex cinema chain Cineworld Group plc (OTC:CNNWF), has change into the most recent to hitch the crypto bandwagon.

What Occurred: Regal stated Tuesday it’s partnering with digital funds community Flexa so patrons can pay for film tickets, popcorns and others utilizing a number of digital currencies.

The digital currencies for use embrace cryptocurrencies, together with Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH), the native token of the Ethereum platform, Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE).

Regal will even settle for digital {dollars} and secure cash, together with USD Coin (CRYPTO: USDC), Dai (CRYPTO: DAI) and Gemini Greenback (CRYPTO: GUSD), in addition to digital tokens, together with Chainlink (CRYPTO: LINK), Cosmos (CRYPTO: ATOM) and Primary Consideration Token (CRYPTO: BAT).

“Regal understands that digital property are a quickly rising and more and more essential type of worth. By adopting digital currencies for cost in its theatres, Regal is providing extra comfort and selection for movie-goers than ever earlier than,” the corporate stated in an announcement.

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Why It is Necessary: Cryptocurrencies, although going by way of a consolidation section, have been on a tear this yr. One of many components that may drive them additional is elevated mainstream adoption.

Regal has one of many largest and most geographically various theater circuits within the U.S., consisting of 6,885 screens in 514 theaters in 42 states together with the District of Columbia and Guam as of Oct. 31. 

AMC Leisure Holdings, Inc. (NYSE:AMC), the biggest theater chain within the U.S., is already accepting Bitcoin, Ethereum, Bitcoin Money (CRYPTO: BCH) and Litecoin.

After months of teasing, CEO Adam Aron made an announcement to this regard by way of Twitter on Nov. 11. He additionally stated Dogecoin is prone to be the following to be added. Cryptos already accounted for 14% of AMC’s whole on-line transactions, he added.

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